U.S. Housing Market Updates
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California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
The rent hikes exceeded the levels sought by Mayor Eric Adams. Continue Reading NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Kanye West’s Former Malibu Property Listed Six Months After Being Acquired
West purchased the property in 2021 for $57 million but left behind an unfinished renovation project. Continue Reading Kanye West’s Former Malibu Property Listed Six Months After Being Acquired
Report: Post-Wildfires Home Sales Down Significantly in Altadena and Pacific Palisades
Sale prices dropped in Altadena and rose in the Palisades last month. Continue Reading Report: Post-Wildfires Home Sales Down Significantly in Altadena and Pacific Palisades
Zillow: Sellers with Privately Listed Homes Typically Lost Nearly $5,000
Zillow’s survey data found Hispanic and Black home sellers are more often guided toward listing their homes privately by agents. Continue Reading Zillow: Sellers with Privately Listed Homes Typically Lost Nearly $5,000
Median Home Prices Rose in February 2023, but Affordable Housing Inventory Remains a Challenge
Despite being down 24.4% year over year, February home sales increased 16.8% from January. That was the largest month-over-month increase in 11 months and ended a five-month streak of sales declines that began in September. This is according to the February 2023...
Selling your home? Don’t forget to update your curb appeal!
Most Realtors (92%) suggest that sellers improve the curb appeal of their home before listing it for sale. Also, the most significant shares of Realtors recommended owners complete landscaping-related features before putting a home on the market. Those were among the...
Mortgage Rates Drop as a Result of Banking Turmoil, Demand Increases
According to a new report from Redfin, the technology-based real estate brokerage, some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week. Daily average mortgage rates dropped from 7% to about 6.5%...
Could The Silicon Valley Bank Collapse Contaminate The Real Estate Market?
Source: Candy's Dirt --- Last Friday, the world gasped as one of the tech industry’s most prominent banking institutions, Silicon Valley Bank (SVB), collapsed under $175 billion in uninsured deposits. This monumental financial failure has only been surpassed in scope...
Buying or selling a home in Indiana? Here’s what a $400K home looks like in 5 cities
Source: Indy Star --- As 2023 speeds along, here's another look around the state at what buyers and sellers can expect in Indiana's real estate market. Average 30-year fixed mortgage rates still sit over 6%, and mortgage application volumes were 44% lower nationally...
As the Housing Market Sputters, These Are the Best U.S. Cities for Home Sellers
Source: Realtor.com --- Sellers are sitting in the driver’s seat of today’s idling housing market. So why are they stalled behind the wheel? Typically, as winter turns to spring, the housing market thaws. Sellers prepare their homes for showings and scrutiny, and...
10 States With The Most Valuable Housing Markets
Source: Yahoo! Entertainment --- California remains the nation’s most valuable housing market, despite a housing slowdown that shaved nearly $1 trillion off the value of the state’s residential real estate. Roughly one-fifth of the nation’s total housing value is in...
Atlanta Housing Market Forecast
Source: US News --- There's a reason many homebuyers flock to Atlanta. Between its warmer climate and the fact that it's home to a large number of thriving, well-known businesses, it's easy to see why the city appeals to a range of buyers, from singles looking to...
Housing Market 2023: Predictions and Strategies
Source: DS News --- Prior to 2022, analysts across most markets predicted a continued run of good fortune. Perhaps it was denial or simply the hope that the Federal Reserve would achieve the soft landing that (so far) eludes us. No matter the root cause, analysts saw...
SVB Collapse Set to Completely Upend the Housing Market
Source: Newsweek --- The collapse of 40-year-old California-headquartered Silicon Valley Bank (SVB) last week will have a significant impact on mortgage rates and the U.S. housing market, Newsweek has been told. Commenting on the meltdown of the SVB—which had grown to...
